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Investment Highlights
- Strong O'Hare submarket
- Proximity to interstates, airport and rail
- Redevelopment opportunity
- Industrial park setting
- Releasing upside
Executive Summary
Property is a 65,000± SF industrial building with 3,000± SF office space, nine exterior docks, and two drive in doors. Property is located in an industrial park in Melrose Park, with convenient access to interstates, O'Hare International Airport, and rail lines.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$271,021
|
$4.17
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$271,021
|
$4.17
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $271,021 |
| Annual Per SF | $4.17 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $271,021 |
| Annual Per SF | $4.17 |
Property Facts Under Contract
| Price | $5,500,000 | Rentable Building Area | 65,000 SF |
| Price Per SF | $84.62 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1960/1997 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | B | No. Dock-High Doors/Loading | 9 |
| Lot Size | 4.95 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - Industrial | ||
| Price | $5,500,000 |
| Price Per SF | $84.62 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.95 AC |
| Rentable Building Area | 65,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1960/1997 |
| Tenancy | Single |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 9 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - Industrial |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,022,635 (2025) | |
| Land Assessment | $796,595 (2025) | Annual Taxes | $271,021 ($4.17/SF) |
| Improvements Assessment | $226,040 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$796,595 (2025)
Improvements Assessment
$226,040 (2025)
Total Assessment
$1,022,635 (2025)
Annual Taxes
$271,021 ($4.17/SF)
Tax Year
2024
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